Shares of XPO, Inc. (NYSE:XPO – Get Free Report) hit a new 52-week high during mid-day trading on Monday after Barclays raised their price target on the stock from $55.00 to $70.00. The company traded as high as $62.06 and last traded at $62.03, with a volume of 1031746 shares. The stock had previously closed at $60.72.
XPO has been the subject of a number of other reports. StockNews.com started coverage on XPO in a report on Thursday, May 18th. They issued a “sell” rating for the company. Vertical Research lowered XPO from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BMO Capital Markets increased their price objective on XPO from $60.00 to $67.00 in a report on Thursday, July 13th. Citigroup increased their price objective on XPO from $53.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, June 29th. Finally, Evercore ISI increased their price target on XPO from $46.00 to $56.00 in a research note on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $53.48.
Insider Activity
In other news, Director Allison Landry sold 1,600 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $53.20, for a total value of $85,120.00. Following the completion of the sale, the director now owns 3,360 shares in the company, valued at $178,752. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.80% of the company’s stock.
Institutional Trading of XPO
XPO Price Performance
The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 37.24, a P/E/G ratio of 3.76 and a beta of 2.19. The company’s 50-day simple moving average is $52.08 and its 200 day simple moving average is $42.04.
XPO (NYSE:XPO – Get Free Report) last posted its earnings results on Thursday, May 4th. The transportation company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.45 by $0.11. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. XPO had a net margin of 1.92% and a return on equity of 39.93%. The business’s quarterly revenue was down 45.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 earnings per share. Equities research analysts forecast that XPO, Inc. will post 2.3 EPS for the current year.
About XPO
XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.
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